Since '89 Top 1% Gained $21 Trillion, Bottom 1/2 Lost $900B

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The Federal Reserve released a new data series called the Distributive Financial Accounts, which combine the Financial Accounts and the Survey of Consumer Finances to provide quarterly estimates of the distribution of wealth in America that do sum to the aggregates in the Financial Accounts. The growth of wealth inequality over the past 30 years … is “eye-popping.”

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